Belite Bio Q4 EPS $(0.25) Beats $(0.30) Estimate
Portfolio Pulse from Benzinga Newsdesk
Belite Bio (NASDAQ:BLTE) reported Q4 earnings with losses of $(0.25) per share, surpassing the analyst consensus estimate of $(0.30) by 16.67%. This represents a 7.41% improvement over the previous year's losses of $(0.27) per share.
March 12, 2024 | 5:59 am
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Belite Bio reported Q4 earnings with better-than-expected losses, indicating a positive trend in its financial performance.
Beating earnings estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The improvement over last year's losses further strengthens the case for a positive impact.
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